Monday, March 29, 2010

The Pak Suzuki Motor Company (PSMC) on Saturday again increased the prices of its various models by Rs 10,000 to Rs 15,000. This is the second time within two months that the popular PSMC has increased its prices, which are applicable from March 29, 2010. Previously, the company had raised its prices by Rs 10,000 to Rs 15,000 on January 26. According to auto analyst it is expected that in the near future prices will further rise. Shafiq Shaikh spokesperson PSMC said that under unavoidable circumstances the company has to pass on a minor production cost to the consumers owing to increase in prices of international steel sheets and increases in wages and utility prices.He added that still the company is bearing most of the cost pressure despite the depreciating rupee and other inflationary conditions affecting the economy that have pushed up the CKD and the local vendor parts costs. The price tag on all Suzuki Mehran models have been raised by Rs 10,000. Now Mehran VX, VXR, VX CNG, VXR CNG are tagged Rs 4,29,000, Rs 480,000, Rs 474,000 and Rs 524,000 respectively.